Revett Minerals Announces Hedging for Second Half of 2009



    SPOKANE VALLEY, WA, May 27 /CNW Telbec/ - Revett Minerals Inc.,
("TSX-RVM") ("Revett" or the "Company") has entered into an agreement to hedge
copper and silver production for the second half of 2009.
    John Shanahan, President and CEO, stated "Although we feel copper and
silver will be strong in the long-term, we feel that near term hedging is
prudent risk management to secure our short term cash flows. This supports our
upcoming operating plans, which includes the development of our C bed deposit
at the Troy mine in Q3 2009. We believe this phase of our development will
provide higher overall grades and further improve productivity and lower
costs."
    Under the hedging arrangement, Revett Minerals has price-fixed
approximately 50% of estimated production for the second half of 2009 at 200
metric tons of copper and 50,000 ounces of silver, per month. Copper pricing
is fixed at US $4,615 per metric ton (or US $2.094 per lbs.) and silver
pricing is fixed at US $14.20 per ounce.

    About Revett

    Revett Minerals, through its subsidiaries, owns and operates the
currently producing Troy Mine and development-stage Rock Creek Project, both
located in northwestern Montana, USA. These projects host significant copper
and silver mineral reserves and resources and will form the basis of our plan
to become a solid mid-tier base and precious metals producer. Revett plans on
expanding production through exploration in and around its current properties,
as well as through targeted business combinations of advanced stage projects.

    John Shanahan
    President & CEO

    Except for the statements of historical fact contained herein, the
information presented in this press release may contain "forward-looking
statements" within the meaning of applicable Canadian securities legislation
and The Private Securities Litigation Reform Act of 1995. Generally, these
forward looking statements can be identified by the use of forward-looking
terminology such as "plans", "expects", or "does not expect", "is expected",
"is not expected", "budget", "plans", "schedule", "estimates", "forecasts",
"intends", "anticipates", "or does not anticipate" or "believes" or variations
of such words and phrases or state that certain actions, events or results
"may", "could", "would", "might" or "will be taken", "occur" or "be achieved".
Forward-looking statements contained in this press release include but are not
limited to statements with respect to the expectation of our ability to
develop a certain section of the Troy mine within a certain timeframe,
providing higher overall grades and improved productivity and lower costs and
statements as to estimated production for the second half of 2009. Actual
results and developments could be affected by development risks and production
risks, our challenging working capital position and our inability to continue
to fund operations, as well as those factors discussed in the section entitled
"Risk Factors" in the Form 10-K filed on SEDAR at www.sedar.com and with the
SEC on EDGAR. Although the Company has attempted to identify important factors
that could cause actual results to differ materially, there may be other
factors that cause results not to be as anticipated, estimated or intended.
There can be no assurance that such statements will prove to be accurate
results and future events could differ materially from those anticipated in
such statements. Accordingly, readers should not place undue reliance on
forward-looking statements. Revett Minerals does not undertake to update any
forward-looking statements that are incorporated by reference herein, except
in accordance with applicable securities laws.
    %SEDAR: 00021518E




For further information:

For further information: Doug Ward, VP Corporate Development; Monique
Hayes, Corporate/Investor Communications, (509) 921-2294,
www.revettminerals.com

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REVETT MINERALS INC.

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